NFC TIMES Exclusive – As NFC Times has reported, Visa has set precise deadlines for ending support for alternate PANs and any other form of “tokenization” that doesn’t comply with the tokenization technical framework set by EMVCo, the specifications body owned by the global networks.
But there was a slight question mark about whether those deadlines applied globally, or just in Europe. NFC Times obtained a member letter, dated July 21 from Paula Felstead, chief officer for business innovation at Visa Europe, detailing the deadlines.
NFC Times has learned that the deadlines are, in fact, intended to apply globally, but Visa is likely to offer deadline extensions or waivers, since EMVCo-compliant tokenization is not yet available in all countries, including from Visa’s own tokenization service, Visa Token Service.